SOFTBANK CORP is inviting existing lenders to its latest ¥1.6trn (US$14.37bn) six-year senior term loan. The loan already has five banks at the top, with Sumitomo Mitsui Trust Bank also a mandated lead arranger along with Credit Agricole, Mizuho Bank, MUFG and SMBC. The loan, which was signed on Thursday, is to partially refinance a mammoth financing raised last November for the mobile phone operator's parent company. Drawdown is slated to take place on August 31.
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